Jaysynth Dyestuff (India) Ltd

Jaysynth Dyestuff (India) Ltd

₹ 157 -1.56%
16 May 2024
About

Incorporated in 1985, Jaysynth Dyestuff (India) Ltd is in the business of manufacturing dyes, pigments and digital inks

Key Points

Product Profile:[1]
Company manufactures and deals in dyes, dyes intermediates, organic chemicals, textile auxiliaries, pigments, resins, plasticizers and emulsions viz.,
a) Dyestuff:[2] Reactive- Rectofix and Disperse - Terenix
b) Pigments:[3] Used in Coating, Ink, Plastic and Textile Industries
c) Digital Ink:[4] DiGiTEX – R inks are used on Cotton & Viscose fabrics for Home Textile & Fashion garments, Printing on Silk, Modified Lycra fashion garments, Wool & Linen fabrics
d) Dispersions:[5] PIGMIFINE, PIGMITEX

  • Market Cap 137 Cr.
  • Current Price 157
  • High / Low 175 / 102
  • Stock P/E 17.6
  • Book Value 117
  • Dividend Yield 0.00 %
  • ROCE 7.14 %
  • ROE 5.14 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 28.0% CAGR over last 5 years
  • Debtor days have improved from 94.3 to 75.4 days.

Cons

  • The company has delivered a poor sales growth of 3.67% over past five years.
  • Company has a low return on equity of 6.23% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
36.38 37.82 40.95 37.16 42.78 41.41 40.28 32.61 31.95 35.20 34.22 42.37 39.51
33.10 36.68 38.10 35.36 38.26 39.55 37.47 32.10 29.23 32.93 33.57 36.94 35.68
Operating Profit 3.28 1.14 2.85 1.80 4.52 1.86 2.81 0.51 2.72 2.27 0.65 5.43 3.83
OPM % 9.02% 3.01% 6.96% 4.84% 10.57% 4.49% 6.98% 1.56% 8.51% 6.45% 1.90% 12.82% 9.69%
-0.48 -0.15 0.25 0.56 -0.06 0.77 0.63 1.08 -1.15 0.02 0.43 0.32 -0.20
Interest 0.06 0.12 0.07 0.07 0.08 0.10 0.05 0.10 0.05 0.07 0.07 0.08 0.10
Depreciation 0.45 0.47 0.42 0.44 0.44 0.64 0.44 0.49 0.51 0.51 0.43 0.44 0.46
Profit before tax 2.29 0.40 2.61 1.85 3.94 1.89 2.95 1.00 1.01 1.71 0.58 5.23 3.07
Tax % 28.38% 25.00% 26.05% 30.81% 28.93% 40.21% 27.80% 20.00% 28.71% 29.82% 31.03% 23.14% 29.32%
1.64 0.30 1.93 1.28 2.80 1.13 2.13 0.81 0.73 1.20 0.39 4.02 2.16
EPS in Rs 1.89 0.34 2.22 1.47 3.22 1.30 2.45 0.93 0.84 1.38 0.45 4.62 2.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
119 121 116 120 116 126 160 139 151
110 114 112 114 111 117 149 131 139
Operating Profit 9 7 4 6 5 8 11 8 12
OPM % 7% 6% 4% 5% 4% 7% 7% 6% 8%
2 2 1 2 1 0 2 1 1
Interest 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2
Profit before tax 9 7 3 5 3 6 10 7 11
Tax % 28% 28% 34% 24% 24% 28% 31% 27%
6 5 2 4 3 5 7 5 8
EPS in Rs 7.31 5.78 1.95 4.62 2.95 5.18 8.22 5.60 8.93
Dividend Payout % 4% 5% 8% 3% 5% 4% 4% 4%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 6%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 24%
TTM: 62%
Stock Price CAGR
10 Years: 14%
5 Years: 32%
3 Years: 27%
1 Year: 31%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 6%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87 0.87
Reserves 68 71 74 77 80 84 91 96 100
0 0 0 0 0 5 4 1 3
33 26 30 23 26 28 27 30 29
Total Liabilities 101 98 105 101 107 117 122 129 133
18 18 17 16 15 12 12 15 15
CWIP 0 1 0 0 0 0 2 0 0
Investments 2 2 1 0 10 5 8 16 17
81 77 87 85 83 101 100 97 101
Total Assets 101 98 105 101 107 117 122 129 133

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 2 -3 10 3 -1 1 21
3 -1 1 0 -10 4 -6 -11
-0 -0 -0 -0 -1 4 -2 -4
Net Cash Flow 1 1 -3 10 -8 7 -6 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 93 86 130 104 111 120 87 75
Inventory Days 119 106 95 97 125 131 141 176
Days Payable 84 67 89 65 82 77 60 92
Cash Conversion Cycle 127 126 135 136 154 174 168 159
Working Capital Days 127 133 166 150 161 174 155 141
ROCE % 10% 3% 7% 5% 8% 11% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75%
0.07% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.18% 25.18% 25.24% 25.24% 25.24% 25.25% 25.25% 25.24% 25.23% 25.24% 25.25% 25.25%
No. of Shareholders 1,8333,2182,7472,7022,7202,7792,9572,9622,9542,8773,1783,110

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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